3402 Three Oaks Dr, Fort Wayne, IN, 46809 | $282/mo Cash Flow

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3402 Three Oaks Dr, Fort Wayne, IN, 46809 | $282/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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Ziffy AI Summary

A quick, investor-focused snapshot highlighting income strength, yield potential.

Key metrics	Value
Price	$399,900
Est. Rent	$3,200/mo
ROI	18%

Attractive rent-to-price ratio for income stability
Good fit for DSCR financing with healthy coverage

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Investment Highlights

Investment property for sale in Fort Wayne at 3402 Three Oaks Dr, Fort Wayne, IN, 46809 listed at $254,900 pairs $1,813/mo rent with a $1,248/mo payment to leave $282/mo cash flow. Total monthly income runs $1,813/mo, and annual cash flow reaches $3,390/yr on $84,499 cash to close. Return on cash invested measures 23.92% in year one, and rental yield registers 8.54% at a $254,900 basis. Equity gained on principal adds $1,645/yr, and annual property appreciation at 5% supports $70,424 by year five. Five-year ROI tracks 124.12% and total cumulative return in cash totals $104,880. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,813/mo property income relative to a $1,248/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1956

0.51 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 3-bedroom, 2-bathroom home tucked away on a quiet street in the '09 zip code. Countless major updates have been made within the last 5 years, including a new roof, furnace & AC, water heater, windows, siding, and landscaping. Inside, youll find two spacious living spacesone featuring a cozy wood-burning fireplace with ventless gas log insertalong with a spacious, functional kitchen and an adjacent dining area, perfect for gatherings. Additional enhancements include solid core doors throughout and refinished hardwood flooring in the bedrooms, adding timeless character and durability. The basement offers additional recreational, storage and workshop space with the potential to finish and customize to your needs. Also on the lower level is the large laundry room with additional storage and a sink. Step outside to enjoy the generous yard on a half acre lot, perfect for play or gardening, along with a great patio area ideal for relaxing or entertaining. The detached 2-car garage provides extra storage and parking convenience. With solid bones, major updates, and plenty of opportunity to make it your own, this home is a wonderful option for any buyer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46809, Fort Wayne, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,247 (100%)
Owner Occupied HU	2,422 (57.0%)
Renter Occupied HU	1,602 (37.7%)
Vacant Housing Units	223 ( 5.3%)
Median Home Value	$156,005
Average Home Value	$213,601